Albalact ended 2015 with net profit of 12.63 million lei
Albalact company group closed 2015 with a net profit of about 12.63 million lei, significantly higher than the net result of 2014, according to the consolidated IFRS financial report, approved by the General Assembly of Shareholders. 2016-05-05 11:43:24
In a press release, Albalact announces that its net incomes grew last year by 8.9 per cent to 444.02 million lei, from 408.12 million lei in 2014.
′We are glad we have succeeded in following the strategy set up around a profitable business increase. We intended to have a good balance between income increase by a figure and profit increase. Last year, we paid great importance to investments in marketing and the success of new projects exceeded our expectations. We also launched a special brand for the Horeca segment, which Albalact wants to develop more. This year we have the same strategy to back profitable increase by a figure. We are still focused on the traditional Albalact brand but we also plan other innovations for the yoghurt segment, most likely in the second half of the year. We will continue to expand and optimize distribution′, said Stephane Batoux, the general manager of Albalact.
Financial situations grown up according to international standards of financial reporting adopted by EU (IFRS) include Albalact results and those of Raraul Campulung Moldovenesc and Albalact Logistic, owned by Albalact.
On January 27, 2016, majority shareholders who own 70.3 per cent of the social capital of Albalact concluded a contract with Lactalis company for the takeover of all shares owned by shareholders who want to sell. This contract provides usual financing conditions of the transaction, including the approval of the Competition Council and the lack of any significant negative changes, as the parties decided on the contract. Under the reserve of fulfilling previous conditions, Lactalis intends to initiate a public offer of voluntary takeover of 100 per cent shares owned by Albalact shareholders. It will receive firm engagements from sellers to subscribe all shares they own in the takeover offer.
Albalact has Romanian majority shareholders and the shares issued are accepted in transaction at standard category of Bucharest Stock Exchange. Albalact hass 99.01 per cent of Raraul Campulung Moldovenesc shares and 100 per cent of the logistic company Albalact Logistic with 1,000 employees in all three entities.
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